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Free Access(U18) Near Term Pullback........>
US 5YR FUTURE TECHS: (U18) Near Term Pullback After Break 50% Fibo Retrace Level
*RES 4: 114-020/035 Hourly high May 30, 76.4% 114-152/112-290
*RES 3: 113-292 May 31 high
*RES 2: 113-280 61.8% Fibo of 114-152/112-290
*RES 1: 113-245/255 Jun 27, Jun 28 highs
*PRICE: 113-222 @0926GMT
*SUP 1: 113-182 Hourly support
*SUP 2: 113-157 Jun 27 low
*SUP 3: 113-130 Jun 25 low
*SUP 4: 113-095 Jun 22 low
*COMMENTARY* Last month's 112-290 low was basically a test to the 76.4% Fibo
retrace of the preceding 112-147/114-152 rise. The recovery since has been
relatively quick, latterly seeing a further break through pivotal
113-202/113-207 resistance and also last week moving above the 50% Fibo retrace
level at 113-220. Through 113-245/113-255 and not much in the way of a further
113-280/113-292 rise. Support moves up to 113-182/113-130, loss would caution.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.